More than 3,400 New Mexicans on Medicare will have more money to pay for prescription drugs after $250 rebate checks from the U.S. Department of Health and Human Services arrive.
Those eligible for the federal rebate checks have reached the so-called doughnut hole in Medicare’s prescription drug program. They must pay out of pocket for their drugs until they reach the “catastrophic” coverage threshold, when the program again picks up the tab.
More than a quarter of beneficiaries hit the doughnut hole. The problem, experts say, is that when seniors’ drugs aren’t covered, they often stop taking their medicine.
The third round of one-time, tax-free checks were mailed out today; earlier rebate checks to eligible beneficiaries were sent out in June and July.
“High prescription drugs costs are a problem for many seniors and other Medicare enrollees with limited incomes,” Sebelius is quoted as saying the agency’s news release. “These checks are an important first step in helping them afford the medications they need – and are evidence of how Americans are already seeing the very real benefits of the Affordable Care Act.”
About 750,000 Medicare recipients across the country have qualified for the federal government rebate checks, according to the agency’s news release.